Monday, December 11, 2006

Review of my insurance policies...

I have a new financial adviser who's taken over from the slacker who's not followed up on me since I bought my endowment policy some 4-5 years ago. I am so glad that I met her.

After going through all the policies that I have, her opinion is that I have too much coverage in certain aspects and insufficient on others. Guess it is always good to have a second opinion on how my portfolio should be managed.

It has been a struggle for me, for the last 3-4 years, to keep up with my insurance premiums. I do wonder why I make myself suffer so much. More than 25% of my pay actually goes into paying for my premiums, I do hope that with this review, I can lessen some of these payments or channel my funds to areas that will make my money work harder for me.

This review is also timely, given that I am in the midst of doing my health insurance paper this coming Wednesday. Let's see if this industry will be suitable for me.

Friday, November 10, 2006

Foray into Financial Planning

My last post has strangely gone missing. But here goes again.

I took the M9 Life Insurance and Investment Linked Policies last Friday, and passed on my first attempt. How cool is that? I will, soon be taking the other 2 mandatory papers before I can embark on financial planning...

As I mentioned before, I am doing this more for self-interest and fulfilment. So friends, please don't abandon me. It has never been me to push anything to anyone. I have always wanted to learn more so that I can better understand my own financial needs and goals that I would like to achieve, even more so now as I am looking ahead into the future, planning not only for myself now. It is important that I am able to understand my own needs rather than leave it to the hands of others, since no one will know my needs best except myself.

Financial planning is also part of the process towards financial freedom. All of these different things that I am pulling together will work hand in hand to help me achieve my goals and financial freedom sooner.

Wednesday, October 25, 2006

Apologises

It's been rough for me, for quite a period of time. I realise you can't bring your emotions into your trades and your work and yet be able to do anything well. Unfortunately, my pocket is the one hurting the most right now.

My apologises to my friends, who have been trying to help me through this period by dishing me good-willed advice.

Monday, October 23, 2006

Thou shall not listen to friends after entering trade...

I entered my first trade in as long as 5 weeks and I thought I did a good trade until it started retracing on the second day after I took the trade. Hence, I sought the advice of a friend. Guess I should not have listened to him. I made a loss, exiting my trade that day. Today, the stock has made a new high. Painful. Could have made a gain of 200+% but now ended up with a loss.

I shall not listen to friends after I've entered a trade, I shall be patient and not be a kancheong spider... While the advice was given out of goodwill, thanks but no thanks... :(

Saturday, September 16, 2006

A No-Trade Week?

This week's settlement week, hence market hasn't been actually moving in any particular direction. FOMC next week, means, no trades as well for a couple of days. That probably explains all the sideway movements.

Oh yes, don't get me wrong, I love market moves, but please, towkay, 5cents move on your sg stock, isn't going to knock my knickers off. I think I earned more from one options trade than you have on that stock that you have been holding for eons.